Equipment costing $$281000$ was destroyed when it caught on fire. At the date of the fire, the accumulated depreciation on the

equipment was $$142000.$ An insurance check for $$342000$ was received based on the replacement cost of the equipment. The entry to

record the insurance proceeds and the disposition of the equipment will include a

gain on disposal of $$203000.$

credit to the Equipment account of $$139000.$

gain on disposal of $$61000.$

credit to the Accumulated Depreciation account for $$142000.$